Copa
Connects the Americas through a Panama City hub and Colombian airline operations.
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Profile
Passenger air travel operates through Copa Airlines’ Panama City hub, with cargo and mail alongside the core passenger network. Copa Airlines Colombia connects Colombian traffic to the hub and operates Wingo’s low-cost services in Colombia and regional markets.
Passenger air travel is operated principally through Copa Airlines from Panama City, using the Hub of the Americas to connect North, Central, and South America with the Caribbean. Cargo, mail, and other activities complement the passenger network, while the Panama City hub consolidates traffic for routes that may lack point-to-point demand.
Copa Airlines Colombia connects Colombia with the Panama hub and operates Wingo's low-cost service in Colombia and regional cities. The group depends on continued commercial access to the Panama hub and traffic flows across the Americas; passenger transport remains the core of its revenue mix.
Company facts
Categories
Key statistics
Year to date +6.2% · Average volume (30d) 278.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Raymond James | Reiterate | Strong Buy | $195 | $185 | |
| Jul 14, 2026 | Raymond James | Reiterate | Strong Buy | $164 | $195 | |
| Jun 18, 2026 | Jefferies | Target | $185 | |||
| May 25, 2026 | UBS | Target | $185 | $195 | ||
| May 15, 2026 | Evercore ISI | Target | $185 | $175 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.88 | $1.67 | −11.2% | $1.08B | $1.06B | −1.9% | −5.79% |
| May 13, 2026Q1 FY26 | $4.43 | $5.16 | +16.5% | $1.04B | $1.05B | +1.5% | +17.92% |
| Feb 11, 2026Q4 FY25 | $4.44 | $4.18 | −5.9% | $959.1M | $962.9M | +0.4% | −0.09% |
| Nov 19, 2025Q3 FY25 | $4.03 | $4.20 | +4.2% | $915.8M | $913.1M | −0.3% | −10.54% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $899.2M | $842.6M | $913.1M | $962.9M | $1.05B | $1.06B | |
| Gross profit | $333.1M | $291.8M | $336.7M | $324.9M | $377.6M | $179.6M | |
| Operating income | $213.8M | $176.6M | $212.3M | $216.2M | $258.6M | $91.7M | |
| Net income | $176.8M | $148.9M | $173.4M | $172.6M | $212.5M | $68.2M | |
| Diluted EPS | $4.28 | $3.61 | $4.21 | $4.18 | $5.16 | $1.67 | |
| Gross margin | 37.0% | 34.6% | 36.9% | 33.7% | 35.9% | 17.0% | |
| Operating margin | 23.8% | 21.0% | 23.2% | 22.5% | 24.6% | 8.7% |
Fiscal years (4-quarter sums)FY21 $1.51B · FY22 $2.97B · FY23 $3.46B · FY24 $3.45B · FY25 $3.62B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.26B · Total debt $495.5M · Total assets $7.14B · Shareholders' equity $2.87B
Dividends
Raised for 2 straight years — most recently to $1.71 from $1.61 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 15 | $1.71 | |
| Feb 27, 2026 | Feb 27 | Mar 13 | $1.71 | raised from $1.61 |
| Dec 1, 2025 | Dec 1 | Dec 15 | $1.61 | |
| Aug 29, 2025 | Aug 29 | Sep 15 | $1.61 | |
| May 30, 2025 | May 30 | Jun 13 | $1.61 | |
| Feb 28, 2025 | Feb 28 | Mar 14 | $1.61 | |
| Dec 2, 2024 | Dec 2 | Dec 13 | $1.61 | |
| Aug 30, 2024 | Aug 30 | Sep 13 | $1.61 |
Ownership
Shares outstanding 41.23M · Float 40.92M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital World Investors | 2.86M | 6.93% | 13F | Aug 12, 2026 |
| Baillie Gifford & Co | 2.46M | 5.96% | 13F | Aug 6, 2026 |
| JPMorgan Chase & Co | 1.54M | 3.74% | 13F | Aug 12, 2026 |
| Dimensional Fund Advisors LP | 1.45M | 3.52% | 13F | Aug 11, 2026 |
| Sprucegrove Investment Management Ltd | 1.45M | 3.52% | 13F | Aug 7, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- LATAM Airlines Group (ADR)
Regional network and Colombian-market overlap
- Grupo Aeroméxico (ADR)
Mexico–Americas network overlap
- American Airlines Group
Americas hub-and-connection itinerary overlap
- Volaris (ADR)
Low-fare regional itinerary overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Copa | $130.53 | +0.88% | $5.34B | 8.5 | 7.2 | 1.3 | +25.7% |
| LATAM Airlines Group (ADR) | $50.25 | −0.66% | $14.51B | 9.7 | 8.6 | 0.9 | +28.5% |
| Grupo Aeroméxico (ADR) | $14.74 | +0.48% | $2.14B | 10.1 | 6.5 | 0.5 | — |
| American Airlines Group | $13.69 | +0.37% | $9.03B | — | 10.5 | 0.2 | +16.3% |
| Volaris (ADR) | $6.80 | +0.97% | $774.8M | — | — | 0.2 | +2,210.2% |
| Median | 9.9 | 8.6 | 0.4 | +28.5% |






